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German American Bancorp

Market Cap

US$1.2b

Last Updated

2021/04/11 22:05 UTC

Data Sources

Company Financials +

Executive Summary

German American Bancorp, Inc. operates as the bank holding company for German American Bank that provides retail and commercial banking services. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has German American Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GABC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GABC's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.5%

GABC

1.2%

US Banks

2.1%

US Market


1 Year Return

57.8%

GABC

56.9%

US Banks

56.3%

US Market

Return vs Industry: GABC matched the US Banks industry which returned 56.9% over the past year.

Return vs Market: GABC exceeded the US Market which returned 56.3% over the past year.


Shareholder returns

GABCIndustryMarket
7 Day-1.5%1.2%2.1%
30 Day-5.4%1.2%2.4%
90 Day32.7%17.4%6.1%
1 Year61.9%57.8%62.1%56.9%59.1%56.3%
3 Year44.9%35.6%27.2%16.3%65.7%55.1%
5 Year131.8%109.4%105.6%79.7%122.3%97.6%

Long-Term Price Volatility Vs. Market

How volatile is German American Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is German American Bancorp undervalued compared to its fair value and its price relative to the market?

19.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GABC ($46.13) is trading above our estimate of fair value ($43.11)

Significantly Below Fair Value: GABC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GABC is poor value based on its PE Ratio (19.7x) compared to the US Banks industry average (13.3x).

PE vs Market: GABC is good value based on its PE Ratio (19.7x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: GABC is poor value based on its PEG Ratio (26.3x)


Price to Book Ratio

PB vs Industry: GABC is overvalued based on its PB Ratio (2x) compared to the US Banks industry average (1.1x).


Future Growth

How is German American Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

0.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GABC's forecast earnings growth (0.7% per year) is below the savings rate (2%).

Earnings vs Market: GABC's earnings (0.7% per year) are forecast to grow slower than the US market (18.6% per year).

High Growth Earnings: GABC's earnings are forecast to grow, but not significantly.

Revenue vs Market: GABC's revenue (3.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: GABC's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GABC's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has German American Bancorp performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GABC has high quality earnings.

Growing Profit Margin: GABC's current net profit margins (32.4%) are higher than last year (31.9%).


Past Earnings Growth Analysis

Earnings Trend: GABC's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: GABC's earnings growth over the past year (5.1%) is below its 5-year average (14.7% per year).

Earnings vs Industry: GABC earnings growth over the past year (5.1%) exceeded the Banks industry 1.4%.


Return on Equity

High ROE: GABC's Return on Equity (10%) is considered low.


Financial Health

How is German American Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: GABC's Assets to Equity ratio (8x) is low.

Allowance for Bad Loans: GABC has a sufficient allowance for bad loans (218%).

Low Risk Liabilities: 94% of GABC's liabilities are made up of primarily low risk sources of funding.

Loan Level: GABC has an appropriate level of Loans to Assets ratio (61%).

Low Risk Deposits: GABC's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: GABC has an appropriate level of bad loans (0.7%).


Dividend

What is German American Bancorp current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GABC's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: GABC's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (3.5%).


Stability and Growth of Payments

Stable Dividend: GABC's dividends per share have been stable in the past 10 years.

Growing Dividend: GABC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.3%), GABC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GABC's dividends in 3 years are forecast to be well covered by earnings (36.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Mark Schroeder (66 yo)

22.25yrs

Tenure

US$1,370,874

Compensation

Mr. Mark A. Schroeder has been Chairman and Chief Executive Officer at German American Bancorp, Inc. (formerly German American Bancorp) since 2009 and 1999 respectively and has been its Director since 1991...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.37M) is below average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: GABC's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: GABC's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GABC insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

German American Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: German American Bancorp, Inc.
  • Ticker: GABC
  • Exchange: NasdaqGS
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.223b
  • Shares outstanding: 26.50m
  • Website: https://www.germanamerican.com

Number of Employees


Location

  • German American Bancorp, Inc.
  • 711 Main Street
  • Box 810
  • Jasper
  • Indiana
  • 47546
  • United States

Listings


Biography

German American Bancorp, Inc. operates as the bank holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 22:05
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.